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Property profile & analytics
OFF-MARKET
Medical Office Space

206 Main St Gleason, TN 38229-7270

1,400 SF 0.04 ac lot Built 1910
Individually Owned 27-yr Hold Free & Clear
Property ID
US80-0852512
Property summary
AI-generated overview

This exceptional 1,400 square foot commercial office building, located at 206 Main Street in Gleason, Tennessee, presents a unique investment opportunity. Built in 1910, this single-story property is situated on a lot with no recorded square footage. Previously used as a dental practice, the versatile space is ideal for a variety of professional uses, including medical and executive offices. The building's ample square footage offers significant potential for customization to meet the specific needs of a new tenant. Its prime location in Gleason, TN, offers easy access to local amenities and a strong community presence. The asking price for this property is $99,000. This represents a compelling opportunity to acquire a well-located, established commercial building in a thriving Tennessee community. The property's history as a successful dental practice speaks to its suitability for a range of professional services. The building's single-story design offers convenient accessibility. Serious inquiries are encouraged to explore the potential of this valuable commercial real estate asset. The property's address is 206 Main Street, Gleason, TN 38229.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1910
Total area 1,400 SF
Lot 0.04 ac (1,580 SF)
Zoning code 8
APN 092128M F 00700
UPID US80-0852512
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James Perkins · 27 yrs held
James Perkins
since 1999
5 recorded transactions
1999
$250,000
1994
$58,000
1991
$57,500
1989
$15,000
1969
Price N/A
Zoning & alternative use
8 · Gleason, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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